What economics gets wrong about human behaviour, with Richard Thaler
Economists like to model people as rational creatures who make self-interested decisions. But humans don’t act that way. Why do investors, politicians and ordinary people act against their best interests – and how can they be nudged into making better decisions? To find out, FT economics commentator Chris Giles speaks to Richard Thaler, the founding father of behavioural economics. Thaler is a professor at the University of Chicago who won the 2017 Nobel Prize in Economics for his work on how humans make (often irrational) decisions.On November 28, the FT will be holding a live webinar on what the UK Budget will mean for your money. Viewers will be able to put their questions to FT journalists Claer Barrett, Stuart Kirk, Tej Parikh and special guest, tax expert Dan Neidle. To sign up, get your free pass here. Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Chris Giles. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by Breen Turner. Sound design by Breen Turner and Samantha Giovinco. Our broadcast engineer is Andrew Georgiades.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
--------
33:19
--------
33:19
Are Trump’s tariffs legal? With Jennifer Hillman
US President Donald Trump’s tariff programme has been a central pillar of his second term in office. But a case being heard by the US Supreme Court could throw this central tenet of his trade policy into disarray. Trump has argued that tariffs are a matter of national security for which the president is ultimately responsible; others say they’re an economic issue, and should be set by Congress, as set out in the US constitution. Which way will the Supreme Court vote – and what could that mean for Trump’s tariff regime? To find out, FT senior trade writer Alan Beattie speaks to Jennifer Hillman, a law professor at Georgetown University, former general counsel of the US trade representative, and one of the few people who predicted Trump’s tariffs were vulnerable to legal challenge.Alan Beattie is the FT’s senior trade writer. You can find his articles here: https://www.ft.com/alan-beattieSign up to Alan’s Trade Secrets newsletter here: https://subs.ft.com/spa3_tradesecrets?segmentId=357afa03-959c-93ed-0842-58e2115025d4Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen. Presented by Alan Beattie. Produced by Mischa Frankl-Duval. Flo Phillips is the executive producer. Manuela Saragosa is the FT’s acting co-head of audio. Original music and sound design by Breen Turner.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
--------
32:51
--------
32:51
How to kickstart the UK economy. With Tim Leunig
Many governments in western Europe are grappling with sluggish economic growth and the UK is no exception. From rising unemployment to weak public finances, the UK economy is in the doldrums and there’s pressure on chancellor Rachel Reeves to fix it. Tim Leunig, a former adviser to two chancellors and now a professor at the London School of Economics and chief economist at innovation think-tank Nesta, talks to the FT’s economics editor Sam Fleming about the policy steps he’d take to breathe new life into the UK economy.Sam Fleming is the FT’s economics editor. You can read his articles here. To subscribe to Sarah O'Connor and John Burn-Murdoch's new newsletter about AI and the labour market, go to ft.com/AIShift.Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Sam Fleming. Produced by Persis Love and Lulu Smyth. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. Our broadcast engineer is Andrew Georgiades.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
--------
31:59
--------
31:59
Introducing Untold: Toxic Legacy
Introducing Toxic Legacy, a new season of Untold from the Financial Times. Host Laura Hughes uncovers a lead poisoning epidemic across the UK. You might be living with lead and not know it: the toxin is often invisible to the human eye, but wreaks havoc on our bodies once we’re exposed. The first episode of Untold: Toxic Legacy launches October 22. Listen on Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts.For information on how to live safely with lead, please visit the LEAPP Alliance website. Hosted on Acast. See acast.com/privacy for more information.
--------
2:16
--------
2:16
What’s up with the US economy? With Austan Goolsbee
Austan Goolsbee, president of the Federal Reserve Bank of Chicago and a voter on the Fed’s interest rate-setting committee, speaks to the FT’s economics commentator Chris Giles about the outlook for the US economy amid a boom in AI investment, sluggish hiring, President Donald Trump’s tariffs and continued attacks by the White House on central bank independence.Chris Giles is the FT’s economics commentator. You can sign up to his newsletter here. Chris’ FT interview with Austan Goolsbee is here: ‘Top Federal Reserve Official warns against a quick series of rate cuts’ Join top FT journalists Chris Giles, Katie Martin, Claire Jones and special guest Lael Brainard on October 23, 1200 GMT for an exclusive subscriber webinar, Markets on edge: central banks, bonds and the risks ahead. Register now and put your questions directly to our panel. Visit ft.com/edgeSubscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen. This episode was produced by Lulu Smyth and Persis Love with original music from Breen Turner. Sound design and mix by Jean-Marc Eck. Andrew Giorgiadis is our broadcast engineer. Our executive producer is Manuela Saragosa.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
The Economics Show with Soumaya Keynes is a new weekly podcast from the Financial Times packed full of smart, digestible analysis and incisive conversation. Soumaya Keynes digs deep into the hottest topics in economics along with a cast of FT colleagues and special guests. Come for the big ideas, stay for the nerdery.Soumaya Keynes is an economics columnist for the Financial Times. Prior to joining the FT she worked at The Economist for eight years as a staff writer, where as well as covering trade, the US economy and the UK economy she co-hosted the Money Talks podcast. She also co-founded the Trade Talks podcast. Hosted on Acast. See acast.com/privacy for more information.
France